It’s that much-anticipated time of year when competitors face off, eliminating contenders through a series of face-offs, as fans cheer on their favorites.

Oh, and we guess March Madness is going on, too.

The ninth annual Tournament of Books, founded by the magazine The Morning News, began yesterday and will choose the best book of the year through a March Madness-style bracket system. This year, the competition is presented by Nook by Barnes & Noble.

The idea for the event first arose, according to commentator Kevin Guilfoile, during an argument between editors and writers for The Morning News about how absurd book awards were. The assembled staff members discussed how they both loved and hated book awards because, while they seem arbitrary, they do at least spark discussion about what makes a good book. (“We love the conversation, the attempt to focus the world's attention on great literature,” Guilfoile wrote for an article in the Chicago Tribune).

So The Morning News staff decided to start their own competition, honoring the best of literature that year but also acknowledging how subjective such decisions can be. Here is the tournament as they devised it: Each judge read two books and then select one to move on to a new round. Guilfoile and writer John Warner would discuss each decision as “color commentators.”

“Each judgment, subjective and arbitrary, would expand and evolve into a (mostly) thoughtful conversation about contemporary literature,” Guilfoile wrote.

The competition also includes a portion called the Zombie Round, in which readers can voice their choices for their favorite titles and, by doing so, bring back to the competition two contenders that had been eliminated.

The final winner is crowned with the title of the Rooster (named after essay writer David Sedaris’s brother, Paul, who is the subject of several Sedaris stories and goes by the nickname of Rooster).

The judges this year include journalists such as New York Times Magazine writer and “This American Life” contributor Jack Hitt and Wall Street Journal and Barnes & Noble Review writer Stefan Beck as well as authors Tony Horwitz, who recently released “Midnight Rising: John Brown and the Raid That Sparked the Civil War,” and “The Magician King” author Lev Grossman. There are eight opening round judges, four quarterfinals judges, two semifinals judges, and two zombie round judges. All judges contribute to the championship decision.

This year the opening round of the Book Tournament is scheduled for March 7 with the face-off of “The Round House” by Louise Erdrich versus “The Fault in Our Stars” by John Green. (Check out the full list of hopefuls here.)

One slot for a competitor was left empty and the decision as to which book would fill it was left to Nathan Bradley, an Army officer and author. Bradley read the three war-themed titles “Billy Lynn’s Long Halftime Walk” by Ben Fountain, “The Yellow Birds” by Kevin Powers, and “Fobbit” by David Abrams to choose which would compete. Bradley chose “Billy Lynn’s Long Halftime Walk.”

Previous winners of the competition include "The Sisters Brothers" by Patrick deWitt, "A Visit from the Goon Squad" by Jennifer Egan, and "Wolf Hall" by Hilary Mantel.